Binance will stop accepting new UK customers from today while it seeks a new financial promotions approver in the country.
Binance, the world's largest crypto exchange, said it would temporarily stop accepting new UK users from today, in an interim measure taken after its UK promotions approver Rebuilding Society was hit by a restriction from the country's Financial Conduct Authority regulator last week regarding new crypto promotions rules.
Existing users will retain current services — if they have completed an "Investor Declaration" and "Appropriateness Test" connected to the new rules — but any new products or services will not be available during this period, Binance said. "The firm must not approve the content of any financial promotion for a qualifying cryptoasset for communication by an unauthorized person," the FCA's OIREQ requirement stated at the time.
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